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South Africa’s Tech and Telecom Sector Sees Major Shifts in AI, Cloud and Mobile Investments

In this week's tech news roundup on ITWeb, These are the news making headlines on ITWeb this week: Firstly, Blu Label Unlimited revealed plans to significantly reduce its majority stake in Cell C, marking a major strategic shift for one of South Africa’s biggest telecom investors. Meanwhile, fintech group Lesaka reported strong growth in its consumer division, driven largely by SASSA grant beneficiaries, with revenue and EBITDA showing substantial increases.

Published on 09 May 2026

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